Paul's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Paul adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2020 , the company had the following purchases and sales. Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit. (Round price index to 2 decimal places, e.g. 1.45 and final answers to 0 decimal places, e.g. 6,548.) Ending inventory $ Cost of goods sold $ Gross profit $.
Paul's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Paul adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2020 , the company had the following purchases and sales. Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit. (Round price index to 2 decimal places, e.g. 1.45 and final answers to 0 decimal places, e.g. 6,548.) Ending inventory $ Cost of goods sold $ Gross profit $.